Minnesota Credit Union Foundation announces financial education grant awards
Wednesday, November 18, 2015
ST. PAUL, Minn. – The Minnesota Credit Union Foundation (MnCUF) – with a mission to provide resources for credit unions and communities to prosper and thrive – recently awarded five financial education grants to assist Minnesota credit unions with implementing financial education projects. MnCUF increased this cycle’s available grant funds an additional $2,000, and will disburse total grant funds of $18,500.
“The Foundation Board was very impressed with the applications we received this fall,” said Foundation Chairman Dave Larson. “Minnesota credit unions are working on many innovative financial education initiatives, and the Foundation is proud to support them.”
The fall 2015 Financial Education Grant recipient program are:
City & County Credit Union is launching “Money on the Bookshelf.” A family oriented financial literacy program, youth in the east metro can enroll by visiting a branch location with a parent/guardian, and begin borrowing a book from the library that introduces a variety of financial topics. Once a child completes the required books for their age category (4-14), the child receives $5 deposit into CCCU savings account.
Hiway Federal Credit Union is collaborating with the Sanneh Foundation and St. Paul Public Schools to provide financial literacy tools and education to students and staff through Dreamline, a trained tutor/mentor “coaching” program.
Richfield Bloomington Credit Union, in collaboration with the Richfield and Bloomington Schools, will craft and deliver a custom financial literacy program that incorporates classroom curriculum, financial tools, online access to CUNA’s Googolplex calculators and games, video shorts, and the creation of teen accounts.
United Educators Credit Union will assist Red Lake High School’s personal finance class by providing copies of CUNA’s “Guide to Money” for student use on the Red Lake reservation.
Wings Financial Credit Union is establishing a Reality Fair for schools in the Twin Cities metro area in recognition of financial literacy month.
The Foundation Board of Directors evaluates applications based on a variety of factors, including credit union value, community impact, collaboration, and creativity. Non-credit union organizations may also apply for grant funding, but must partner with a Minnesota credit union and demonstrate how the project will impact credit unions, their members, and the larger community.
For more information, including prior grant recipients, see the Minnesota Credit Union Foundation website. (www.mncufoundation.org)
Keenly focused on financial education and professional development initiatives, the Minnesota Credit Union Foundation is dedicated to providing the resources for credit unions and communities to prosper and thrive. MnCUF is a non-profit 501(c)(3) organization founded in 1969 to serve as a charitable arm of the Minnesota credit union movement. For more information, visit www.mncufoundation.org.